Makers of Axie Infinity are hopeful that launching the game on the Apple platform will spurt growth. They are also hopeful of Apple making policies friendlier for NFTs in the future. In the latest development, Sky Mavis, the creator of the popular blockchain-enabled Axie Infinity video game, announced that the video game will be now available for download on the Apple App Store. Axie Infinity is a play-to-earn crypto game that allows gamers to battle one another while collecting or...
Read More »Swiss Banking Giant UBS May Record $17B Loss from Credit Suisse Takeover
According to the UBS post-acquisition plans, it is going to implement a phased integration of the Credit Suisse brand which may last a couple of years. Swiss multinational banking giant UBS Group AG (SWX: UBSG) has revealed new details about what its liabilities are likely to be from the acquisition of Credit Suisse Group AG (SWX: CSGN). According to a CNBC report based on the filing, the firm lodged with the United States Securities and Exchange Commission (SEC), a total financial hit of...
Read More »Coinbase to Expand to Singapore as US SEC Denies Answerability
The firm also conducted a survey recently to asses the constructive stance of policymakers towards crypto and Web3 in Singapore. Crypto exchange Coinbase is looking into relocating to Singapore as the United States Securities and Exchange Commission rejects the company’s requests for regulatory clarity. The US SEC recently asked the judge to deny Coinbase’s bid to coerce the agency to answer Coinbase’s rulemaking petition. The petition was submitted last year asking for clarity on how...
Read More »Tron (TRX) Price Analysis: More Gains Possible Above $0.072
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Tron price started a fresh increase from the $0.0672 level against the US Dollar. TRX price is now trading above $0.0700 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.0695 a major bullish trend line forming with support near $0.0685 on the...
Read More »Bitcoin Price Analysis: BTC Faces Uphill Task Near $27,250
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin price is correcting losses from the $26,000 zone against the US Dollar. The price is now trading near $27,000 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $27,250 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair...
Read More »Baidu Stock Jumps 2% after Better-than-Expected Revenue News
Baidu is setting the pace in the AI scene for other tech giants in China. Chinese internet giant Baidu Inc (HKG: 9888) has seen a major uptick in its share price today following the release of better-than-expected revenue. Baidu impressed its investors as one of the top tech giants that saw a major uptick in profitability following the reopening of the Chinese economy after year-long Covid-19 restrictions. According to the data shared by the company, it said it recorded a 31.1 billion yuan...
Read More »Fintech Group Zepz Lays Off 420 Employees to Restructure Its Business
Zepz, however, noted that it is hiring more than 200 new roles including software developers, managerial positions and marketing roles, among many others. In a bid to streamline its business structure for future growth prospects, Zepz, a London-headquartered money transfer platform, has announced the reduction of its workforce by about 26 percent. In a report by CNBC, it is said that Zepz has sent home 420 of its employees but not due to macroeconomic pressure. As a result, Zepz has been...
Read More »Google Cloud Launches Two New AI Solutions to Speed Up Drug Discovery & Precision Medicine
Google Cloud’s AI-enabled ‘Target and Lead Identification’ and ‘Multiomics’ Suites are set to improve drug discovery and precision medicine. Google Cloud has launched two AI-powered solutions to speed up drug discovery and advance precision medicine for relevant companies. On Tuesday, the tech giant’s cloud computing suite said its newly-launched AI-powered tools would immensely help biotech and pharmaceutical companies. One of the tools, the Target and Lead Identification Suite, can...
Read More »P2P Bitcoin Marketplace Paxful Is Shutting Down
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Peer-to-peer (P2P) bitcoin marketplace Paxful has closed its doors, meaning the digital currency space is still not yet out of the woods when it comes to exterior, negative circumstances. Paxful Says Goodbye Paxful used to be one of the most prominent, well-known bitcoin marketplaces in the world. Employing 200...
Read More »Vodafone CEO Announces Record Layoff of 11,000 Workers, Shares Sink 7%
Vodafone shares took a beating today amid company plans to layoff thousands of workers, and properly allocate resources. Vodafone (LON: VOD) shares fell 7% on Tuesday following a mass layoff announcement by the British multinational telecom company. In a statement, chief executive officer Margherita Della Valle said the company’s plan to ax a record 11,000 jobs is necessary to remain profitable. Vodafone forecasted flat profit growth and explained that the massive downsizing would take...
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